Asian Paints reported a sharp rise in profits for the July-September quarter, driven by strong festive-season demand and steady growth in its decorative paints segment.
The company’s consolidated net profit jumped 47% year-on-year to ₹1,018.23 crore, compared to ₹692 crore a year earlier. Revenue from operations rose 6% to ₹8,531 crore. The paint major also declared an interim dividend of ₹4.50 per share.
Asian Paints said its decorative paints business grew 10.9% in volume, supported by good demand across metros, towns, and rural areas. The home improvement and industrial coatings divisions also recorded steady gains, while international operations in the Middle East, South Asia and Africa contributed positively.
Margins improved on the back of higher operating efficiency and stable raw-material costs, boosting overall profitability.
Following the results, Asian Paints’ shares rose over 3%, extending their post-earnings rally. The stock has gained about 8% this week, outperforming the broader market.
The management remains optimistic about sustaining growth, backed by new product launches, improved distribution, and festive-driven demand recovery.
However, brokerages offered mixed reactions. While some analysts remain bullish on the company’s strong brand equity and pricing power, others flagged rising competition and uncertain rural demand as near-term challenges.